MIRA
INFORM REPORT
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Report Date : |
23.07.2007 |
IDENTIFICATION DETAILS
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Name : |
MUMBAI TRADING CO LTD |
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Registered Office : |
3FL, |
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Country : |
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Date of Incorporation : |
July 26, 2006 |
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Com. Reg. No.: |
28206046 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Imports of uncut diamonds. Domestic sales to local customers and wholesalers. |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
name &
address
MUMBAI TRADING CO LTD
3FL,
TEL : 886-2-25788562
FAX : 886-2-25783629
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 26, 2006
REGISTRATION NO. :
28206046
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. J. G. PATEL (CHAIRMAN)
STAFF STRENGTH :
2
CAPITAL :
US$ 151,057
BUSINESS LINE :
IMPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
FAIR
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : AVERAGE
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.90600 = US$1 AS OF 2007-7-16
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD
*Company Registration *
====================
License number : 28206046
Date issued : 26 July,
2006
Issuing authority : Ministry of
Economic Affairs (MOEA)
Office & Facilities*
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Size : 204
square meters (Approx)
Location : Center
Business District
Property status : Rented
Type of Building :
*Factories, Size & Locations*
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The company is a trading house focused on importation of overseas
products, and maintains no manufacturing facilities.
*Corporate & Organization Structure*
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A small -sized company operated and managed by the owner.
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholder : 1
Shareholder's Name % of
Shares
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Patel J. G. 100
Management: Mr. J. G. Patel, General Manager
Name Nationality Job Description
Mr. J. G. Patel Indian General
Manager
*Key Personnel*
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J. G. Patel
Founder : Sole
Founder
Work experience : More than 1
years experience
Responsibilities : Handles the daily operation of the firm
including all financials, sales and legal matters.
Resident status :
*Main Products & Services*
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Specializes in two main areas of work:
1. Imports of uncut diamonds.
2. Domestic sales to local customers and wholesalers.
Products: Diamonds
Jewels
Raw diamonds
Uncut diamonds
*Payment Terms*
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Sales
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Local : 30 - 90 days credit
Cash
Purchase
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Local : 30 - 90 days credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Competitors*
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The following locally based companies supply similar range of products :
- SU-RAJ DIAMONDS (THAI) CO LTD
- WORLD SHINER JEWELLERY LTD
- BRIGHT STAR DIAMOND CO LTD
- THAI FINE GEMS & JEWELRY LTD
- CATHAY-OVERSEAS CO LTD
*Local Distribution Network*
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The company is largely focused on the import market and hence very
little domestic sales are achieved.
*Export Markets*
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There are no figures available on exports because of the recent
incorporation of the company.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES : 35
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Implication |
Implications |
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1 |
Scores 85100 |
Excellent |
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2 |
Scores 75 84 |
Above Average |
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3 |
Scores 50 74 |
Average |
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4 |
Scores 35 49 |
Fair |
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5 |
Scores 15 34 |
Below Average |
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6 |
Scores 01 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the payment
pattern of SC based upon our Payment Database, comments from suppliers of SC,
information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for SMALL
amounts depending on individual judgement experience.
*BANK DETAILS*
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Bank Name : MEGA INT'L COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : ICBCTWTP
Bank Name : COOPERATIVE BANK OF
SWIFT Code : This bank does not have a SWIFT Code
As a private limited company with a paid-up capital of less than USD 6
million, there is no legal requirement according to local corporate law for
public disclosure of detailed financials.
Additionally, due to the recent incorporation of the company, no
financials have so far been lodged with local taxation authorities.
SC was established in 2006, and its credit has not been established yet.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 3911 Jewelry,
of precious metal
Importing 3961 Jewelry
of materials other than solid gold, platinum & silver
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 7102 Diamonds,
worked or not, not mounted or set
Importing 7113 Articles
of jewelry & parts, of precious metal or clad
Importing 7116201000 Jewelry
of precious or semiprecious stones
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SCs credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)